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FDR taxes were largely about raising income taxes to punitive levels. The opposite of what I was suggesting. The increase in capital generation brought on from
by econ101 15y ago
FDR taxes were largely about raising income taxes to punitive levels. The opposite of what I was suggesting.
The increase in capital generation brought on from 0% income tax would more than compensate for any destruction of existing capital.
- protomyth 15y agohttp://en.wikipedia.org/wiki/Undistributed_profits_tax http://en.wikipedia.org/wiki/Undistributed_profits_tax
- econ101 15y agoThanks. That's an interesting link, but it describes an income tax. It is just the kind of tax I'm arguing against. Its aim seems to have been to prevent individuals from delaying payment of income tax that was held within companies.